XML 57 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1

Financing Arrangements (Tables)

12 Months Ended

Apr. 28, 2017

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Current debt obligations consisted of the following:

(in millions)		April 28, 2017				April 29, 2016
Bank borrowings		$	396			$	387
Capital lease obligations		5				106
Commercial paper		901				—
Three-year term loan		3,000				—
6.000 percent ten-year 2008 CIFSA senior notes		1,150				—
1.500 percent three-year 2015 senior notes		1,000				—
1.375 percent five-year 2013 senior notes		1,000				—
3.500 percent seven-year 2010 HTWR senior notes		42				—
Floating rate three-year 2014 senior notes		—				250
0.875 percent three-year 2014 senior notes		—				250
Debt premium, net		26				—
Current debt obligations		$	7,520			$	993

Schedule of Long-term Debt

Long-term debt consisted of the following:

			April 28, 2017							April 29, 2016
(in millions, except interest rates)	Maturity by Fiscal Year		Payable				Effective Interest Rate			Payable				Effective Interest Rate
6.000 percent ten-year 2008 CIFSA senior notes	2018		$	—			1.41	%		$	1,150			1.41	%
1.375 percent five-year 2013 senior notes	2018		—				1.41			1,000				1.41
1.500 percent three-year 2015 senior notes	2018		—				1.59			1,000				1.59
5.600 percent ten-year 2009 senior notes	2019		400				5.61			400				5.61
1.700 percent two-year 2017 senior notes	2019		1,000				1.74			—				—
4.450 percent ten-year 2010 senior notes	2020		766				4.47			766				4.47
2.500 percent five-year 2015 senior notes	2020		2,500				2.52			2,500				2.52
Floating rate five-year 2015 senior notes	2020		500				1.98			500				1.04
4.200 percent ten-year 2010 CIFSA senior notes	2021		600				2.22			600				2.22
4.125 percent ten-year 2011 senior notes	2021		500				4.19			500				4.19
3.125 percent ten-year 2012 senior notes	2022		675				3.16			675				3.16
3.150 percent seven-year 2015 senior notes	2022		2,500				3.18			2,500				3.18
3.200 percent ten-year 2012 CIFSA senior notes	2023		650				2.66			650				2.66
2.750 percent ten-year 2013 senior notes	2023		530				2.78			530				2.78
2.950 percent ten-year 2013 CIFSA senior notes	2024		310				2.67			310				2.67
3.625 percent ten-year 2014 senior notes	2024		850				3.65			850				3.65
3.500 percent ten-year 2015 senior notes	2025		4,000				3.61			4,000				3.61
3.350 percent ten-year 2017 senior notes	2027		850				3.35			—				—
4.375 percent twenty-year 2015 senior notes	2035		2,382				4.44			2,382				4.44
6.550 percent thirty-year 2007 CIFSA senior notes	2038		374				3.75			374				3.75
6.500 percent thirty-year 2009 senior notes	2039		300				6.52			300				6.52
5.550 percent thirty-year 2010 senior notes	2040		500				5.56			500				5.56
4.500 percent thirty-year 2012 senior notes	2042		400				4.51			400				4.51
4.000 percent thirty-year 2013 senior notes	2043		325				4.12			325				4.12
4.625 percent thirty-year 2014 senior notes	2044		650				4.67			650				4.67
4.625 percent thirty-year 2015 senior notes	2045		4,150				4.62			4,000				4.64
Three-year term loan	2018		—				—			3,000				1.12
Interest rate swaps	2021-2022		40				—			89				—
Capital lease obligations	2019-2025		23				4.81			26				4.66
Bank borrowings	2019-2022		139				1.28			56				6.46
Debt premium, net	2019-2045		135				—			214				—
Deferred financing costs	2019-2045		(128		)		—			(138		)		—
Long-term debt			$	25,921						$	30,109

Schedule of Maturities of Long-term Debt

Contractual maturities of debt for the next five fiscal years and thereafter, excluding deferred financing costs, debt premium, net, and the fair value of outstanding interest rate swap agreements are as follows:

(in millions)
2018	$	7,494
2019	1,403
2020	3,778
2021	1,127
2022	3,276
Thereafter	16,290
Total debt	33,368
Less: Current portion of debt	7,494
Long-term portion of debt	$	25,874

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Name:	us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration